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6 Stages to your business journey

JGBC has long believed that there’s six key stages to businesses growth and the OnPoint Accounting Group have embraced that theory.

In this blog we look at the opportunity and risks of each stage and which members of the OnPoint Accounting Group are best suited to serve you at each stage of business growth.

1. Hatch an idea, See if it’s viable “Pre – revenue”

The starting line. The foundation. The start of the entrepreneurial journey where ideas are hatched and materialized. We help you do the work to figure out if your idea is financially viable as a business – and we’ll do this for free.

The Risk
Without a clear vision, your business could be a no-go from the get-go. Start strong and get ahead of any problems.

The Opportunity
Get free expert advice on how to start the business you want the right way.

Which OnPoint Accounting Member is best suited to support you?
JGBC is our start up, Micro and small business specialist in the Group. The JGBC team have years of experience working with start ups and micro businesses helping them to launch and grow.

2. Get your bearings, Learn your finances
“£0 – £85K Annual Turnover”

You’re having lots of new experiences now, and not all of them are enjoyable. Understanding and controlling costs at this stage is vital. Without proper training, doing the finances yourself can steal your time (business and personal) and become stressful.

The Risk
You can quickly get overwhelmed with all your responsibilities and Bob down the pub’s advice isn’t helping.

The Opportunity
Good software and hand-holding support will save you time and empower you to make decisions.

– You’ll feel like a real business owner, not a manager or employee.

Which OnPoint Accounting Member is best suited to support you?
JGBC is our start up, Micro and small business specialist in the Group. The JGBC team have years of experience working with start ups and micro businesses helping them to launch and grow.

3. Bigger money, Bigger decisions
“£85K – £500K Annual Turnover”

Boom! VAT threshold crossed. The books are getting more complex, while the business needs your time on the front line, You’re starting to think seriously about your work/life balance and how your own time can be best spent, Taking on your first employee becomes a top priority.

The Risk
You see more cash coming in and you can get excited and overspend. You need someone to keep you accountable to your goals.

The Opportunity
One big decision might be to outsource all or some of the finance work, so you can

– spend your time on what really matters to you.

Which OnPoint Accounting Member is best suited to support you?
At this stage we have two firms that are ideally suited to support you. JGBC as highlighted above and also Brighter Future Accountancy.

Brighter Futures Accountancy started out providing Bookkeeping services to small businesses that had crossed the VAT threshold and had ambitions to grow into stage four.

4. Grow your team, Grow as a leader
“£500K – £1M Annual Turnover”

Your team, like your business, is growing, You want your culture to grow with you, but you need extra support to ensure the company doesn’t take on a life of its own, You can easily become out of touch out of touch with the culture and the finances as you start to focus on other aspects of the business.

The Risk
You become an accidental manager. Either dipping in and out of daily operations when problems arise causing staff to feel unsupported, or micro-managing staff who feel distrusted.

The Opportunity
With complex payroll handled and a good

– mentor by your side, you can find the perfect balance of supporting your staff without micromanaging and frustrating them.


Which OnPoint Accounting Member is best suited to support you?
At this stage we have two firms that are ideally suited to support you. JGBC as highlighted above and also Brighter Future Accountancy.

Brighter Futures Accountancy started out providing Bookkeeping services to small businesses that had crossed the VAT threshold.

5. Get a part time FD, Become the caretaker of culture
“£1M – £5M Annual Turnover”

You’re in big money now. You have teams of people at different levels, and it becomes your responsibility to manage the managers and preserve the culture. You’re in a position now where you can take a step back and look at the business more holistically, and consider getting support from a part time finance director.

The Risk
Culture can become watered down due to middle management.

The Opportunity
Partner with an outsourced Financial Director, and use their expertise and experience of industries to support you in your growth. Get only the information you need.

Which OnPoint Accounting Member is best suited to support you?
At this stage OnPoint Accounting is set up to support you with OnPoint FD services

6. Stay connected, Stay Unbiased
“£5M+ Annual Turnover”

When you’re at this level, it’s easy to become disconnected from the ‘ground floor’ and lose focus, As the caretaker of culture, you need to be seen by the troops and maintain leadership. Let your FD help you keep a laser-focused eye on the finances and set budgets with your input.

The Risk
You’ve taken such a step back you become too disconnected, and can’t get out ahead of financial problems.

The Opportunity
You can steer the company with the leadership skills you’ve learned, and drive culture. Show up, show face, and spend time with an unbiased FD to help you continue making sound financial decisions.

Which OnPoint Accounting Member is best suited to support you?
At this stage OnPoint Accounting is set up to support you with OnPoint FD services

What next?
Once you have identified what stage your business is in and which member of the OnPoint Accounting Group will best suit your needs then all you have to do is get in touch. Reach out using the speak to us today page and let us start supporting you and your business

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